This is another installment from Marcella Mollon-Williams of LBG Financial about your money and how it can work for you better.
Are You Working On Your Financial Swing?Have you ever been sold the newest golf club with the promise it will improve your game? Many golfers believe that new clubs are the answer when what they really need is a better swing. While better “clubs” can make a difference, even the best clubs are of little value with a poor swing.Correcting your swing will improve your game more than any club ever will. The same holds true when it comes to finances. Correcting your financial swing will improve your situation more than any individual financial product on the market. Statistics show that of the 60,000,000 golfers worldwide, less than 5% will ever shoot in the 70’s. A much smaller percentage will ever shoot even a single round under par in their lifetime.But as difficult as it is to shoot par, maintaining the same standard of living during your retirement that you enjoyed while working can be even harder.There are many similarities between the game of golf and your money. Here are a few.Fairways and Greens
Golf is all about consistency. If you can consistently make the same movement and keep the ball in play, you’re going to do very well. Same holds true in personal finance. It’s often about making small, but wise choices, over and over again. When you consistently save, spend wisely and make wise financial choices – you will set a course for independence/freedom. Your Playing Partners
One of the real treasures of golf is getting to play with and meet different people from all walks of life. But pick your playing partners carefully. They can really lift your game up or bring you down. Surround yourself with good, encouraging and helpful people in your life. Be around those who encourage, inspire and are financially healthy. Minimize Your Misses
Ben Hogan – who is widely considered to have possessed the most “perfect” golf swing ever – was once asked how many good shots he hit after another excellent round of golf. Hogan held up his hand, showing 4 fingers. Golf is often times considered a “game of misses”. The more you minimize your miss-hits, the better you’ll score. It’s bound to happen that you will make your share of mistakes with your finances too. The key is to not exacerbate them. Cut your losses , learn from the bad choices and move forward with a strategy to minimize misses. Getting every area of your finances in order can be difficult as getting every part of your golf game working in perfect rhythm. But, just as making small changes to the mechanics of your swing can improve your game, so too can making small changes in your finances improve your financial future.For more information: http://www.LBGFinancial.com
~Copa
Golf is all about consistency. If you can consistently make the same movement and keep the ball in play, you’re going to do very well. Same holds true in personal finance. It’s often about making small, but wise choices, over and over again. When you consistently save, spend wisely and make wise financial choices – you will set a course for independence/freedom. Your Playing Partners
One of the real treasures of golf is getting to play with and meet different people from all walks of life. But pick your playing partners carefully. They can really lift your game up or bring you down. Surround yourself with good, encouraging and helpful people in your life. Be around those who encourage, inspire and are financially healthy. Minimize Your Misses
Ben Hogan – who is widely considered to have possessed the most “perfect” golf swing ever – was once asked how many good shots he hit after another excellent round of golf. Hogan held up his hand, showing 4 fingers. Golf is often times considered a “game of misses”. The more you minimize your miss-hits, the better you’ll score. It’s bound to happen that you will make your share of mistakes with your finances too. The key is to not exacerbate them. Cut your losses , learn from the bad choices and move forward with a strategy to minimize misses. Getting every area of your finances in order can be difficult as getting every part of your golf game working in perfect rhythm. But, just as making small changes to the mechanics of your swing can improve your game, so too can making small changes in your finances improve your financial future.For more information: http://www.LBGFinancial.com
~Copa